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Newspaper
Indianapolis Times
Location
Indianapolis, Indiana, United States of America
Date
Jul 26, 1930
Page
4
The article notes corn gains driven by strong demand for winter wheat and weather forecasts. Wheat recovers to near steady. oats firm while provisions weaken. Cash prices show mixed moves with several car receipts reported and a late rally in corn on unsettled weather expectations.
Trading on the Stock Exchange closed near the previous level after a day of minimal activity. Major leaders fluctuated with some gains, while others held or slipped. the Dow Jones average rose to 236.98 as bears covered, and rail averages slipped to 133.98 amid light turnover of 1,356,170 shares.
Indianapolis bank clearings Friday July 35 were $2 695 000 debits $5 643 000 Chicago bank clearings 87 900 000 balances 8 800 000 New York bank clearings 1 148 000 000 clearing lease balance 123 000 000 Washington treasury balance July 23 was 201 551 755 1 Expenditures for res and customs receipts for the month to that date were 18 347 268 25.
In New York July 25 constructive forces show an indifferent public as news remains favorable. An unexpected dividend increase signals renewed confidence after second quarter results while brokers loans shrink. Large shareholder counts rise for American Telephone, United States Steel, General Motors, and Penna Railroad, supporting an accumulation phase and suggesting buys on recessions.
Napalls market reports No 1 top quality poultry with Leghorn hens springers under 2% lbs. and old cocks priced. Bitter wholesale No 1 38 39c No 2 36 37c. Butterfat 32c Cheese wholesale prices listed. New York July 25 flour steady pork dull lard firm. Potatoes regional prices. dressed poultry and live poultry prices given. Chicago and Cincinnati markets show varied egg butter and poultry prices with Leghorns and broilers noted.
Cattle prices drop sharply at city yards as drought bites livestock markets nationwide. Slaughter cattle reach lows for years while packers struggle with slaughter schedules. Hog bids rise slightly with top at 9.70, sheep and lambs steady with top near 9.50, and total receipts around 7,500 hogs and 1,200 sheep plus cattle and calves mixed. Chicago market shows slow opening, steady overall with early bids near 9.60 to 9.70 for lighter hogs.
Professionals dominated the market with a new December contract low of 12.59 as a light Memphis shower spurred selling. Brief midday quiet saw prices about five points above prior close after an initial 15 to 17 point rally. Deteriorating crop prospects and looming government crop estimates keep bulls watching dry and hot weather.
A dense, garbled listing of fruit and produce prices by type and origin. It includes apples, pears, melons, berries, citrus, and vegetables with varied crate and bushel prices from states such as California Michigan Georgia Louisiana and Tennessee.
Hog and cattle receipts and price ranges across Veland Cincinnati Toledo and other markets. Steady to higher tones for hogs 160-216 lbs, bull and steer trade soft in some centers, calves steady to strong, sheep and lambs mixed with best prices around nine dollars for prime lambs. Continuous price reports show wide variations by weight and class.
The Broad Ripple park event on August 5 and 6 features a pistol tournament directed by Arch Ball, police pistol and ballistic expert. The two day program includes many contests, with the police and firemen band playing daily. field day is open to the public.
London reports New York cables at 4.86 21-32 and Paris checks. The summary outlines six month profits and quarterly results for Colorado Fuel and Iron Abbott Laboratories Endicott Johnson Maine Central Guy Ice and Fuel Compan and International Silver, showing variances from 1929 figures and noting per share earnings and net income figures across multiple firms.
Assets of Electric Money and Light Corporation stood at 557 276 dollars as of December 31, with 438 71 000 dollars at end of 1928. The Rubber Growers Association and continental growers endorsed Anglo-Dutch production restrictions announced from Amsterdam. Commercial Investment Trust funds Westinghouse dealer financing. Clarence G. Troup elected Chicago Curb Exchange president. Federal Reserve stats show week ending July 23 credit at 977 700 000 dollars. Industry earnings include United States Industrial Alcohol Company six months to June 36 at 1.47 per share. Grain quotes from Chicago and Toledo reflect wheat and corn prices, with primary receipts and shipments noted.
July 25 market notes from Burnited Press in Fort Wayne and Cleveland detail hogs steady to 10c higher across 90 to 350+ lb categories with specific price ranges. Butter and poultry values are listed for Cleveland, while St Louis and Louisville show hog, cattle, calf, and sheep receipts and varying price changes.
The Indianapolis Board of Trade bid list shows firm prices for wheat corn and oats with classifications and New York rate basis 4142c. Hay prices in Cleveland and Louisville areas, plus inspection totals by grain type and car counts across No. 1 red wheat to No. 6 mixed corn and oats.
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